US30 Encounters Rebuffs at Crucial Resistance Zone

US30 Analysis – May 6

US30 faces strong resistance at a crucial price zone. Technical indicators for the Dow Jones Industrial Average suggest potential upcoming weakness. After attempting to break above the $41,750 level, the price has failed to maintain momentum above this barrier. The 9-day simple moving average, positioned near $40,500, continues to trend upward, but the rally is beginning to lose strength just below the resistance. With the RSI around 54—neutral but leaning toward overbought—there is increasing evidence that sellers may soon gain control.

US30 Key Levels

Resistance Levels: $41,740, $45,100, $47,000
Support Levels: $38,400, $36,500, $35,710

US30 Long-Term Trend: Bearish

On the long-term chart, the supply zone between $41,750 and $42,000 has once again halted upward movement following a sharp recovery. Candlesticks in this range display long upper wicks and signs of indecision, highlighting the market’s struggle to push higher. A significant drop in April after touching this same zone further confirms it as a critical area of selling interest. Additionally, the most recent high remains below the peak from March, supporting the prevailing downtrend structure.

If the $41,750–$42,000 resistance holds firm, the next downside targets are $38,400, with a break below that level opening the way to $36,500 and potentially $35,710. This bearish outlook remains intact as long as the price stays under $42,000. A sustained move above this level would invalidate the current near-term bearish bias.

US30 Short-Term Trend: Bearish

In the short term, US30 is once again struggling within the $41,560–$41,750 resistance band, an area that has proven difficult in the past. Despite an ascending trendline, momentum appears to be weakening, with the RSI stalling around 58. A breakdown below the trendline would suggest a shift toward increased selling pressure. If the price is rejected again at the current resistance zone, support around $38,400 is likely to be tested in the coming sessions. This scenario is also reflected in recent forex signals indicating heightened bearish momentum.

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